Mondi Plc Stock Is Increasing Now. What To Expect?

 Mondi Plc Stock Is Increasing Now. What To Expect?

The stock of Mondi Plc (LON:MNDI) gapped up by GBX 11 today and has GBX 1663.63 target or 3.00% above today’s GBX 1615.17 share price. The 9 months technical chart setup indicates low risk for the GBX 7.86B company. The gap was reported on Nov, 23 by Barchart.com. If the GBX 1663.63 price target is reached, the company will be worth GBX 235.80M more.
Gaps up are useful for using as a support level and to some extent as a tradeable event. If investors already hold the stock and experience a price gap up, then its usually a good idea to hold the stock for a stronger up move. Back-tests of these patterns indicate that two-thirds of the times the stock performance improves after the gap. The area gaps close 89% of the time, the breakaway gaps, 2%, the continuation gaps 4% and the exhaustion gaps 61%. The stock decreased 0.79% or GBX 12.83 on November 23, hitting GBX 1615.17. About 1.59 million shares traded hands or 7.43% up from the average. Mondi Plc (LON:MNDI) has risen 26.32% since April 26, 2016 and is uptrending. It has outperformed by 20.99% the S&P500.

Mondi Plc (LON:MNDI) Ratings Coverage

Out of 11 analysts covering Mondi PLC (LON:MNDI), 7 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 64% are positive. GBX 2025 is the highest target while GBX 1150 is the lowest. The GBX 1669.50 average target is 3.36% above today’s (GBX 1615.17) stock price. Mondi PLC has been the topic of 104 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The stock of Mondi Plc (LON:MNDI) earned “Neutral” rating by Citigroup on Tuesday, August 23. The rating was maintained by Jefferies on Thursday, January 7 with “Buy”. The firm has “Buy” rating given on Tuesday, March 29 by Deutsche Bank. The rating was maintained by Davy Research with “Outperform” on Friday, September 25. Davy Research maintained Mondi Plc (LON:MNDI) on Wednesday, February 24 with “Outperform” rating. The stock of Mondi Plc (LON:MNDI) has “Buy” rating given on Thursday, August 11 by Deutsche Bank. Goodbody maintained the stock with “Hold” rating in Friday, September 25 report. The firm has “Equal Weight” rating given on Wednesday, May 18 by Barclays Capital. The firm earned “Outperform” rating on Monday, August 17 by Credit Suisse. The stock has “Outperform” rating given by Credit Suisse on Friday, February 26.

Another recent and important Mondi Plc (LON:MNDI) news was published by Marketwatch.com which published an article titled: “Mondi shares fall 3% after financial update” on April 21, 2011.

Mondi plc is a United Kingdom-based packaging and paper company. The company has a market cap of 7.86 billion GBP. The Firm is engaged in managing forests and producing pulp, paper and compound plastics for industrial and consumer packaging. It has a 13.64 P/E ratio. The Firm and Mondi Limited, under a dual listed firm structure, operate together as a single economic entity.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment